But when I started doing the numbers on potential rentals I realized they weren't going to meet my goals.

Live There: After the rental period, you can move in and must live there for at least 2 years to qualify for the primary residence exclusion when you eventually sell.5-Year Rule: You’ll need to hold the property for a total of 5 years to get the full tax benefits.So, rent it out first, live in it for two years, and then you can sell it with significant tax advantages.

I find the referrals I have given my daughter when they are looking to relocate from LA or a second home have been great.. she has done half a dozen multi million dollar sales then subsequent listings with those leads I have given her.. on the flip side those that want to buy rentals are generally newer and are not really realistic about returns in higher priced markets.. so she has not converted many if any of those.

Hi Sathya, I live in Cambridge, MA and have 2 rentals.

Hopefully with no to small prepay penalty on the loan they can refi in a few years with rental increases and boost yield to a stronger cash on cash return.2.

Don't be afraid to negotiate, particularly if you have a lot of rentals.4.

An exit is either a sale or refinance and rental, both count.

Hi,I’m in the process of buying a second home and turning my primary into a rental.

Rent expenses is not deductible for you but rental income to your LLC is.  

He uses as a rental but his ex-wife (now girlfriend) is the tenant so he has fixed it up for her and it should be move-in ready.